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New7 days ago

172 Colborne Avenue

Harding, Richmond Hill

$998,000

Detached|Bungalow-Raised
3 | 2 | 5
About this home

Massive 210 ft deep lot!! Loads of potential (conversion to a duplex, large expansion possible due to the large lot, etc.**) Solid, sturdy brick raised bungalow in the popular Harding area in Richmond Hill. This raised bungalow has a split entry, so converting to a duplex may be feasible (no retrofit status implied or offered) by adding a separation wall and split doors. Upstairs, you will find 3 bedrooms with hardwood floors (original), straight walls, crown molding. The spacious lower (full basement) features multiple above grade windows for ample light. Outside, you will be greeted by a large deck, and a huge yard. Perfect for your garden, or perhaps a custom garage*. The location, close to Major Mackenzie and Bayview, allows easy access to shopping, public transit and the Hwy 400 or 404 routes.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$6,878
Lot Size52.58 ft x 210.27 ft
mls© NumberN13777922
Listed ByFIRST CHOICE REALTY ONTARIO LTD.

Listing History

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  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,108
Property tax
$573
Heat allowance
$150
Housing costs
$5,831 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $199,600
25-yr amortization

Income needed

$179,000

gross annual household income

Payment at 4%
$4,200 / mo
Cash down
$199,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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